AEG Founder Philip Anschutz Selling Stake in Lakers
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variety.comPhilip Anschutz, founder of sports and entertainment giant AEG, has reached an agreement to sell his stake in the Los Angeles Lakers, according to multiple people familiar with the deal.The identity of the buyer couldn’t be ascertained.
The people were granted anonymity because the proposed sale hasn’t been approved by the NBA Board of Governors. The news was first reported June 25 by Variety‘s sibling sports news brand Sportico.AEG Chief Executive Officer Dan Beckerman in an interview said the proposed transaction “is part of some financial planning and redeployment of capital to other AEG projects and growth initiatives,” specifically mentioning venues, real estate, ticketing and live entertainment projects around the globe.
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